Updated Condo with Golf
5750 Oyster Catcher Dr 1134 North Myrtle Beach, SC 29582
For Sale
$215,000
Pending
Two-bedroom condo with golf course views and recent updates.
Property Size1,050 SF
Days on Market644
Property Features for 5750 Oyster Catcher Dr 1134
General Information
- Standard status
- Pending
- Size
- 1,050 SF
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 2001
Listing Agency:
CENTURY 21 Boling & Associates
(919) 656-3528
Listed By:
Meredith Kennedy · License #114503
(919) 656-3528
Source:
Exitrealty
Added: Oct 18, 2024
Changed: Jul 6
Last Checked: Jul 23 at 6:03AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CENTURY 21 Boling & Associates
Investment Insights
Based on property information with market context.
This top-floor condo features 2 bedrooms and 2 bathrooms. The property includes luxury vinyl plank flooring in the living space, along with granite countertops and a tile backsplash in the kitchen. A new HVAC system is scheduled for installation in June 2025. The unit also features a new washer and dryer, and all new furniture was installed in 2023. The screened porch offers views of the golf course.
Key Highlights
- Top floor unit
- Enjoy golf course views from your screen porch
- New HVAC system (installed June 2025)
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $18.4k | $17.52 |
| − Vacancy | −$773 | −$0.74 |
| EGI | $17.6k | $16.78 |
| − OpEx | −$7.9k | −$7.55 |
| NOI | $9.7k | $9.23 |
1,050 SF · lease $17.52/SF/yr · vacancy 4.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$138.5K
$121.2K – $161.6K
NOI $9,693 @ 7.0% cap · market cap 4.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$266.1K
$232.9K – $310.5K
NOI $18,628 @ 7.0% cap · market cap 8.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Cypress Bend at Barefoot ...
Hotel & Motel
Rainbow Spot of Barefoot ...
Vacation Rental
Checkmate Rentals
Vacation Rental
Barefoot
Hotel & Motel
FAQs
What type of property is this?
Residential income property - Two-bedroom condo with golf course views and recent updates.
Where is this residential income property located?
The property is located at 5750 Oyster Catcher Dr 1134 North Myrtle Beach, SC.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Top floor unit; Enjoy golf course views from your screen porch; New HVAC system (installed June 2025)
